FSEYX Fees and Costs — FS Energy Total Return Fund, Class I
Data updated: 2021-01-14
The net expense ratio is 1.25%: a 1.00% management fee plus 1.35% other expenses, less a 1.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $18K in broker commissions, 0.0584% of average net assets, and portfolio turnover was 135%.
FSEYX Fees and Expenses
Annual operating expenses and sales charges of FSEYX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.35% |
| Gross expense ratio | 2.35% |
| Fee waiver | −1.10% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
FSEYX Costs Over Time
On $10,000 invested in FSEYX, assuming 5% a year before costs, total costs come to $813 over 5 years, cutting the return by 1.37% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $137 | $448 | $813 |
| Value after costs | $10,363 | $11,128 | $11,949 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
FSEYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0584%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $123.9M
- Portfolio turnover (prospectus): 135%
- Securities lending: none during the year
FSEYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $11K | 62.66% |
| Wells Fargo Securities, LLC | $7K | 37.23% |
| Pershing LLC | $19 | 0.11% |
FSEYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $104.9M | 84.68% |
| BofA Securities, Inc. | $5.6M | 4.52% |
| Goldman Sachs & Co. LLC | $3.1M | 2.53% |
| Morgan Stanley & Co. LLC | $2.6M | 2.12% |
| Wells Fargo Securities, LLC | $1.8M | 1.45% |
| Barclays Capital Inc. | $1.6M | 1.32% |
| Pershing LLC | $1.4M | 1.11% |
| Credit Suisse Securities (USA) LLC | $946K | 0.76% |
| Citigroup Global Markets Inc. | $933K | 0.75% |
| MUFG Securities Americas Inc. | $931K | 0.75% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.